The typical asking rate per listing is in the $70's per square foot per year. The Beverly Hills submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Beverly Hills submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 68 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available space in the Beverly Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built in 1963 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Beverly Hills residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.